5th Aug 2020 18:02
Premier Global Infrastructure Trust PLC - energy, water and infrastructure firm investor - Net asset total return in six months to June 30 minus 8.1%, net asset value per share falls 12% to 127.20 pence from 144.94p at the end of 2019. Total assets total return, which measures the return of the company's portfolio, including income received and taking into account fees and costs, was negative 2.8%. This compares to FTSE Global Core Infrastructure 50/50 Index, which lost 6.8%. "While we hope that the second half of 2020 will see a continuation of the economic recovery, we remain mindful of risks such as a second wave of infections. The infrastructure sector that your company is invested in is fortunately likely to be rather less affected by the economic fall-out from Covid-19 than many other sectors such as travel and hospitality. Nevertheless, we should be mindful of the risks ahead as the economy struggles to regain momentum," company says.
Current stock price: 125.50 pence
Year-to-date change: down 3.5%
By Lucy Heming;Â [email protected]
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